Polish government to inject billions into economy

Polish Prime Minister Donald Tusk said the government will fuel the region’s energy sector with PLN 60bn for new investments by the end 2020. It’s hoped the step will help stimulate Poland’s economy as EU subsidies start to shrink. Tusk also told the Senate on Friday that the government will provide PLN 50bn in financial support for shale gas extraction across Poland by 2015. In addition, as much as PLN 73bn in state aid will go toward transport infrastructure investments.
“Although the amounts mentioned by the prime minister seem huge, these investment have been planned for a long time,” Piotr Kalisz of Citi Handlowy told the daily Puls Biznesu. “This isn’t extra money for the Polish economy, thus the prospects for the domestic market remain untouched.”